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20121107
20121107
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problems it's unclear how deeply the u.s. will engage on global issues such as syria, iran or china. u.s. relations with the outside world there are more difficult challenges to come. nhk world, washington. >>> president obama won, but he faces many economic challenges. we now ask an expert's view about his outlook. in our new york studio is richard katz, the editor in chief of the oriental economist report, newsletter on japan. mr. katz, thank you very much for joining us today. >> sure. >> among the many challenges president obama will first face the so-called fiscal cliff. how do you think he'll deal with it, and how will that affect asia? >> i think it will be very difficult to deal with it. the republicans have made it clear they continue to want to be the party of no. they're not willing to compromise on a combination of tax hikes and spending cuts. i say there's about a 50/50 chance the fiscal cliff could be avoided. at best it may be extended by a few months. if the fiscal cliff is short and then people come to their senses and compromise, the impact on asia will be small. but if
>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
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